Cove Capital Acquires Louisiana Industrial Net Lease for DST Offering 

Cove Capital Investments, LLC, a DST sponsor and real estate investment firm, has completed the acquisition of a new construction industrial net lease asset in Luling, LA.  

The purchase is for the firm’s Net Lease Distribution 69 DST, a Regulation D, Rule 506(c) offering that is targeting a $12.4 million raise in equity from accredited investors with a minimum investment requirement of $25,000. 

According to Dwight Kay, managing member and founding partner of Cove Capital Investments, the 27,000 square foot Pepsi facility was purchased by Cove Capital to contribute to its growing portfolio of debt-free real estate assets for 1031 exchange and direct cash investors. 

“Our Cove Acquisitions Team identified this asset as a valuable addition to our Cove portfolio. The facility’s strategic location in Luling, LA, places it close to the Louis Armstrong New Orleans International Airport, with easy access to the New Orleans and Baton Rouge markets via interstate connections,” explained Chay Lapin, managing member and founding partner of Cove Capital Investments. 

Consistent with many of Cove Capital’s real estate acquisitions, the property was purchased with 0% leverage for those investors who want to potentially mitigate risk by investing in a debt-free DST offering with no risk of lender foreclosure or lender cash flow sweeps, according to the firm.   

Cove Capital Investments has sponsored and co-sponsored the syndication of more than 1.9 million square feet of 1031 DST and real estate offerings in the multifamily, net lease, industrial and office sectors. 

Pictured: Pepsi Distribution facility in Luling, LA.